Section 15

the conduct of or the carrying on of any business or service relating to the exploration and exploitation of the natural resources in the Joint Development Area;

the payment of any moneys due to the Governments from the Joint Authority under section 7 and paragraph 10(d);

the terms and conditions of the appointment of, and the emoluments, travelling and subsistence allowances payable to, the Co-Chairmen and other members of the

Joint Authority;

the procedure for the tender and award of any contract that may be entered into under section 14, including the terms and conditions that may be included in such contract;

the keeping of proper accounts and other records of the transactions and affairs of the Joint Authority in accordance with generally accepted accounting principles;

the preparation of annual statements of accounts and, subject to the provisions of this Act, the allocation of profits;

the audit of accounts and its subsequent submission to the

Governments;

the preparation and submission of the annual budget to the Governments;

the standards for the exploration and exploitation of petroleum in the Joint Development Area; and

any other matters for the purposes of carrying into effect the provisions of this Act:

Malaysia-Thailand Joint Authority 17

Provided that in respect of the matters referred to under paragraphs

, (d), (e), (f), (g), (h) and (i), such regulations may be made after consultations with the Joint Authority.